NASDAQ:MRVLMarvell Technology Group Stock Price, Forecast & News

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MRVL shares have increased by 59.1% and is now trading at $35.02. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 3 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Marvell Technology Group.

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its quarterly earnings results on Thursday, May, 28th. The semiconductor company reported $0.18 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.04. The semiconductor company earned $694 million during the quarter, compared to analyst estimates of $680.19 million. Marvell Technology Group had a return on equity of 2.82% and a net margin of 55.66%. Marvell Technology Group's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. View Marvell Technology Group's earnings history.

Marvell Technology Group announced a quarterly dividend on Thursday, June 25th. Stockholders of record on Monday, July 13th will be given a dividend of $0.06 per share on Wednesday, July 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, July 10th. View Marvell Technology Group's dividend history.

Marvell Technology Group announced that its Board of Directors has authorized a share repurchase program on Tuesday, October 16th 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Marvell Technology Group issued an update on its second quarter earnings guidance on Thursday, May, 28th. The company provided earnings per share (EPS) guidance of $0.17-$0.23 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $684-$756 million, compared to the consensus revenue estimate of $687.06 million.

24 brokerages have issued twelve-month price objectives for Marvell Technology Group's stock. Their forecasts range from $18.00 to $42.00. On average, they anticipate Marvell Technology Group's stock price to reach $32.19 in the next year. This suggests that the stock has a possible downside of 8.1%. View analysts' price targets for Marvell Technology Group.

News stories about MRVL stock have trended somewhat positive recently, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Marvell Technology Group earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news about Marvell Technology Group.

Marvell Technology Group saw a increase in short interest in June. As of June 15th, there was short interest totaling 25,360,000 shares, an increase of 11.8% from the May 31st total of 22,690,000 shares. Based on an average daily trading volume, of 10,530,000 shares, the short-interest ratio is currently 2.4 days. Approximately 3.9% of the shares of the company are sold short. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI), First Solar (FSLR) and Silicon Laboratories (SLAB). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV) and salesforce.com (CRM).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $35.02.

Marvell Technology Group has a market capitalization of $23.30 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

The official website for Marvell Technology Group is www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]